Barings to assemble German retail portfolio for Dutch Family Office HB Capital


Barings Real Estate Advisers has been given exclusive instruction to assemble and carry out the asset management of a German retail real estate portfolio by HB Capital, a Dutch Family Office.

The portfolio will have a total acquisition volume of approximately EUR 200-300 million. HB Capital’s strategy focusses on Daily Needs-Retail such as retail warehouses, neighbourhood shopping centers and stand alone hyper and/or supermarkets in midsize and upward cities in strong economic regions in West Germany - from Hamburg to Munich. 
 
HB Capital pursues a long-term hold strategy. It’s current portfolio in the Netherlands and in Belgium comprises around 650 properties in retail and logistic real estate. In Germany, a new investment region for HB Capital, the focus on the short term is on stabilised opportunities shifting over in time towards more opportunistic investments.
 
Richard Dallinga, Managing Director Real Estate of HB Capital, says: "For years, our portfolio in the Netherlands and in Belgium was managed by our own asset management team. We have learned that the key to success is local expertise combined with an on-the-ground team with entrepreneurial spirit that can successfully manage our assets in the long term. This is what Barings is offering us in Germany. We are impressed by their team's track record and their approach. We therefore look forward to a successful and effective collaboration."
 
Christoph Wittkop, Head of Germany at Barings Real Estate Advisers Europe, adds: "We are very excited about the new collaboration with this interesting and professionally-structured real estate investor. It brings us considerably closer to our target to expand our retail business. Although still small, our retail team has many years of experience. Examples of recent retail transactions and mandates includes the successful repositioning and sale of the ca. 27.000 sq m 'Neustadt Centrum' in Halle and the ca. 27,000 s qm Neukölln Arcaden in Berlin, which was also recently been sold after completion of asset management plans. A 11,000 sq m neighbourhood centre in the greater Berlin area will currently extended and refurbished. HB Capital has the same pro-active management approach and retail background, so that we understand each other's strategy."
 
 

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